Champaign County, Illinois
Local Government Information Center
 
 

County Assessment Office

Stan Jenkins, Supervisor of Assessments

If you've suffered damage from the November 17, 2013, tornado you can obtain an Application for Abatement of Real Estate Tax Assessment Due To Destruction of Improvement by clicking here.

Property Tax Exemptions

Follow this link for a printable version of this page

Click on the exemption name to be taken directly to that section.

General Homestead Exemption
Senior Citizens Homestead Exemption
Senior Citizens Assessment Freeze Homestead Exemption
Homestead Improvement Exemption
Non-Homestead Exemptions
Real Estate Tax Deferral Program
Senior Circuit Breaker
Disabled Veterans Exemption
Homestead Improvement Exemption
(4-Year Improvement Exemption)
90,000 Estimated Fair Cash Value
30,000 Equalized Value
30,000 Corrected Value
-3,500 Over Age 65 Exemption
-8,500 Senior Assessment Freeze
-5000 Owner Occupied Exemption
-1,500 Improvement Exemption
-0 Other Exemption
11,500 Taxable Value
.0725 Tax Rate
833.75 Total
+5.00 Drainage
838.75 Total Tax

This exemption is usually automatic to a property owner with new improvements to existing structures on homestead property or the rebuilding of residential structures following a catastrophic event.

(See tax bill example)

Some examples would be: a room addition, garage, porch, deck, or otherwise materially altering the character and condition of an existing structure. The property must be owner occupied and used exclusively for residential purposes. The exemption allows the property owner to avoid paying an increase in value attributed to the improvement 4 years. The amount of this exemption is limited to $75,000 in fair cash value ($25,000 in assessed value).

The exemption will continue for 4 years from the date of completion and should automatically be initiated by the Township Assessor. Check your tax bill each year to make sure that the exemption is subtracted from your assessment.

Materially altering the character and condition of an existing structure may not be evident to your Township Assessor, so you may request the form PTAX-323 from our office. For details on the status of a 4 year exemption or on the amount used in the calculation process, contact your Township Assessor or the County Assessment Office located in the Brookens Center at 1776 East Washington Street, Urbana, IL  61802-4581. Office hours are Monday through Friday, 8:00 a.m. through 4:30 p.m. (217) 384-3760.
Email: assessor@co.champaign.il.us